Question

you are going to a four-year College in 4 years that will cost $14,895 a year your parents expect to pay 5% of the total cost how much do you need to pay for each year for attending​

Answer 1

To calculate how much you need to pay for each year of attending college, multiply the annual cost by the number of years, determine 5% of the total cost, and divide it by the number of years.

Step-by-step explanation:

To calculate how much you need to pay for each year of attending college, you need to first find out the total cost for 4 years. The total cost can be calculated by multiplying the annual cost by the number of years, which is 4. So, 4 * $14,895 = $59,580. Now, you need to determine what 5% of the total cost is. To find 5%, you can multiply the total cost by 0.05. So, $59,580 * 0.05 = $2,979. Finally, divide the 5% amount by the number of years, which is 4, to find out how much you need to pay for each year. So, $2,979 / 4 = $744.75.